Oklahoma

Home prices in Oklahoma and Oklahoma City: median value

Median owner-occupied home value: $222,100 in Oklahoma and $259,300 in Oklahoma City (Census ACS 2024). FHFA: state prices up 2.0% in a year.

Checked on against the official sources listed at the bottom of the page.

In short

The median value of owner-occupied homes is $222,100 in Oklahoma and $259,300 in the city of Oklahoma City, against $360,600 nationwide, according to the Census Bureau’s 2024 American Community Survey. The FHFA House Price Index shows Oklahoma prices up 2.0% and Oklahoma City metro prices up 2.5% between the second quarters of 2025 and 2026.

What the median home value is

The Census Bureau’s American Community Survey (ACS) asks owners how much they think their home, with its lot, would sell for if it were for sale. The median value in table B25077 is the middle answer among all owner-occupied homes in an area, from small condos to large houses.

This is the owner’s own estimate. It is not a sale price, not an appraisal and not a list price. It covers every home that owners occupy, including homes bought decades ago, so it describes the existing stock rather than what buyers paid this year.

The latest one-year ACS estimates cover 2024. The Census Bureau plans to release the 2025 one-year estimates on October 29, 2026, so the figures below will change at that point.

What it costs: median value in 2024

AreaMedian value, 2024Margin of error (90%)
United States$360,600±$618
Oklahoma$222,100±$2,147
Oklahoma City metro area$253,200±$4,584
Oklahoma County$244,000±$5,228
City of Oklahoma City$259,300±$6,483

Source: U.S. Census Bureau, ACS 1-Year Estimates 2024, table B25077, universe: owner-occupied housing units.

Three points stand out:

  • The Oklahoma median is $138,500 below the national median.
  • The city of Oklahoma City sits $37,200 above the state median. Its median is also $6,100 above the metro median, but that gap is smaller than the city’s margin of error, so the two figures are statistically close.
  • The margin of error for the city (±$6,483) is wider than for the state, because the sample is smaller. The true city median is very likely between about $252,800 and $265,800.

How prices have moved: the FHFA index

The ACS gives a level. To see the trend, the Federal Housing Finance Agency (FHFA) publishes a House Price Index built on repeat sales: it compares the prices of the same single-family homes each time they sell. FHFA’s flagship index uses seasonally adjusted, purchase-only data from mortgages bought or guaranteed by Fannie Mae and Freddie Mac.

The latest quarterly release, published August 25, 2026, covers the second quarter of 2026. FHFA says the next quarterly report, for the third quarter, is due November 24, 2026.

Area1-year change (Q2 2025 to Q2 2026)5-year change (Q2 2021 to Q2 2026)
United States+2.1%+33.4%
Oklahoma+2.0%+32.1%
Oklahoma City metro area+2.5%+28.4%

Source: FHFA House Price Index, purchase-only, seasonally adjusted, quarterly files for states, metro areas and the U.S. Changes calculated by Payotte from the published index values.

Oklahoma prices rose at almost the same pace as the nation over the past year. Over five years, the Oklahoma City metro area gained a little over a quarter, less than the state (+32.1%) and the nation (+33.4%).

A worked example

Take an Oklahoma City-area home worth $250,000 in the second quarter of 2021. If it had followed the metro index exactly, it would have been worth about $321,000 in the second quarter of 2026 (+28.4%). Over the last year alone, a $300,000 home would have gained about $7,400 (+2.5%). A single home can move very differently from the index; the index describes the market as a whole.

Method and limits

  • Different measures. The ACS median is a level based on owners’ opinions. The FHFA index is a change based on repeat sales. Do not read one as the other.
  • Different geographies. The ACS figures are for the city, the county and the metro area. The FHFA figures are for the state and the metro area; FHFA does not publish a purchase-only index for the city alone in the files we used.
  • Single-family homes only. The FHFA index covers single-family properties with mortgages bought or guaranteed by Fannie Mae or Freddie Mac. Cash purchases and loans that neither company buys or guarantees are outside its data.

To see what a purchase costs on top of the price, read our guides to closing costs in Oklahoma and property tax in Oklahoma. Our page on buying a home in Oklahoma City puts the local figures together, and the first-time buyer programs in Oklahoma show which price limits apply to assisted loans. For the process itself, see the steps of buying a home.

Frequently asked questions

What is the median home value in Oklahoma?

The Census Bureau’s 2024 American Community Survey puts the median value of owner-occupied homes in Oklahoma at $222,100 (±$2,147). That is $138,500 below the U.S. median of $360,600. It is an owner estimate, not a median sale price.

What is the median home value in Oklahoma City?

The same survey gives $259,300 (±$6,483) for the city of Oklahoma City, $244,000 for Oklahoma County and $253,200 for the metro area.

Are home prices in Oklahoma rising?

According to FHFA’s purchase-only index, Oklahoma prices rose 2.0% between the second quarter of 2025 and the second quarter of 2026, and 32.1% over five years.

Are Oklahoma City home prices going up or down?

FHFA’s index for the Oklahoma City metro area rose 2.5% over the past year and 28.4% over five years, against 2.1% and 33.4% for the United States.

When will the next Census figures come out?

The Census Bureau’s release schedule lists October 29, 2026 for the 2025 one-year ACS estimates. FHFA’s next quarterly report is scheduled for November 24, 2026.

Compare with the other states: Median home price by state.

More Oklahoma guides

Sources

Oklahoma · All states · Federal guides